In a significant move towards strengthening economic relations, UK Prime Minister Rishi Sunak has reached an agreement on new trade and investment deals with Japan during his visit to Tokyo, just before the G7 summit in Hiroshima. A major highlight of these economic agreements is the near £18 billion investment […]
News
235 posts
With many UK businesses operating internationally or at a stage where they are looking to expand their organisation onto the international stage, an important factor to consider is how to manage payroll.
The UK is in the final stages of securing a significant trade agreement involving a multi-billion-pound electric car battery plant in Somerset that could create up to 9,000 jobs.
The UK trade gap narrowed in January by more than expected to its smallest in more than a year, while at the same time GDP increased by 0.3 per cent. The latest data from the Office for National Statistics (ONS) this month showed that the UK’s trade balance narrowed by […]
The UK has signed what the Government has described as an historic digital trade deal with embattled Ukraine. The agreement, which aims to support the country’s recovery from the war with Russia through trade, was officially signed this month. It is designed for Ukraine to remove trade barriers and tariffs […]
HM Revenue and Customs (HMRC) has recently released a simplified VAT guidance for overseas sellers, with a special focus on Chinese retailers selling goods online to the UK market. This move is expected to improve compliance with UK import and VAT regulations for international sellers, and ultimately reduce the tax […]
The UK recently made a historic move by joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – an 11-member trade bloc that includes prominent Asia-Pacific economies like Mexico, Japan, Canada, and Australia. This is a significant development for the nation following its departure from the EU and makes […]
A new trade partnership has been agreed upon between the UK and Italy designed to create new jobs, boost UK exports and grow the economy. This new partnership will “strengthen exports in high-performing and growth sectors of the future, such as Life Sciences and Digital and Tech” according to the […]
A new partnership has been agreed between the UK and Canada which is designed to boost green technology supply chains.
International trade and business groups have given a cautious welcome to the deal between the EU and the UK over the Northern Ireland Protocol.